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Remsenburg-Speonk 11960
46 Cedar Lane
$2,200,000
● Land - Off Market

46 Cedar Lane

Southampton, NY 11960
bedrooms
Studio
bathrooms
0 Bath
$2,758,305
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Don't miss this opportunity to build your dream home!  In beautiful Remsenburg, and down a private country road, is a very special parcel of land.  This lot is  1.24 acres on Fish Creek, letting out into Moriches Bay.    Large building envelope which affords a substantial house, pool and Tennis!  Bulk headed Waterfront which is in great shape!  Board of Health Approvals and Letter of non jurisdiction from the DEC and Town.
Unit Size
-
Days on Market
190 days
Land Size
1.24 acres
Price per sqft
-
Property Type
Land
Property Taxes
$724
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (OneKey MLS #KEYL3404260)

Price History

Date / Event Date Event Price
Dec 8, 2022 Sold
Premium
Sold
Oct 15, 2022 In contract -
In contract
Jun 1, 2022 Listed by Douglas Elliman Real Estate $2,600,000
Listed by Douglas Elliman Real Estate
Feb 22, 2021 Sold
Premium
Sold
Dec 16, 2020 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,014
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000001240
  • Standard Land Use Code: 8001
  • County Land Use Code: 311
  • Legal Description 1: N-BISHOP S-ATTONITO E-FISH CREEK W-CEDAR LNNE W

Neighborhood

  • School District Name: Remsenburg-Speonk Union Free School District
  • School Tax School District: REMSENBURG
  • Census Tract: 190503

Zoning

  • Zoning: R60

Geography

  • District: 0900-3
  • Section: 375.00
  • Parcel: 0900-375.00-02.00-013.000
  • Block: 2
  • Lot: 13.000
  • Municipality: SOUTHAMPTON
  • Latitude: 40.8115
  • Longitude: -72.7183

    Address

  • Full Address: 46 Cedar Ln
  • Address - House Number: 46
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Remsenburg
  • Carrier Code: R777
  • 4-Digit Zip Code: 2038
  • Zip Code: 11960

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0
  • Tax Rate Code Area: 473601

    Market Valuation

  • Market Total Value: $1,680,576
  • Market Land Value: $1,680,576

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,168,000
  • Assessed Land Value: $1,168,000

    Sales

  • Current Sale Contract Date: Dec 16, 2020
  • Current Sale Recording Date: Feb 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 26, 2010
  • Previous Sale Contract Date: Feb 23, 2010
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: 12
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Remsenburg-Speonk

Stats & Trends

Median Asking:

$1,275,000

Sale Price/ft²

$559

Below Asking

0.03%

Average Days on Market

136

Average Home Size

3392 ft²

Average Home Age

28.3 years

Currently For Sale

33 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 6 Holly Lane, Remsenburg, NY, 11960

$7,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,666 ft²
6 Holly Lane, Remsenburg, NY, 11960 Listing by John Giacobbe
Unit for rent at 17c Basket Neck Lane, Remsenburg, NY, 11960

$8,000 /mo

  • 3 Beds
  • 3 Baths
  • 1,800 ft²
17c Basket Neck Lane, Remsenburg, NY, 11960 Listing by Dolores Behme
Unit for rent at 3 Crestview Drive, Southampton, NY, 11960

$3,600 /mo

  • 2 Beds
  • 1 Bath
  • 1,041 ft²
3 Crestview Drive, Southampton, NY, 11960 Listing by Thomas Panebianco

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 4 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 46 Cedar Lane built and last sold?
The property at 46 Cedar Lane was built in and last sold on Dec 16, 2020 for $1,900,000.
How much is this home worth?
The estimated value of the home located at 46 Cedar Lane is $2,626,000.
What are some comparable homes to 46 Cedar Lane?
There are currently no comparable homes to 46 Cedar Lane.
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